Blockfi failed me today......when BTC hit $30k I tried to buy some only for Blockfi to fail. Over and over, I couldn't get a trade until it was around $40k again.
Yeah, its just so damned frustrating to miss out on such a huge dip. I suspect there will be more, but still very irritating. I did manage to buy another percent of BTC which brings me up to .11156766I had the same issue (I posted this earlier). I was on my work computer so I thought it was our security mechanisms blocking me. I was able to buy some tonight under $36k.
Blockfi failed me today......when BTC hit $30k I tried to buy some only for Blockfi to fail. Over and over, I couldn't get a trade until it was around $40k again.
I will look into that for sure. I already have a Coinbase Pro account, but I was trying to avoid getting hit with fees on both purchase AND transfer by just buying within BlockFi. Big mistake.Do yourself a favor and use binance.us for buying, then transfer to blockfi if you want to earn interest.
Binance.us has been a champ for me. All my limit buys executed including a buy for ADA at $1 immediately before it shot up to $1.8. Basically thats like buying bitcoin at 30k today.
Fees on binance.us are also negligible (0.1%, or 0.075% if you pay with bnb).
I will look into that for sure. I already have a Coinbase Pro account, but I was trying to avoid getting hit with fees on both purchase AND transfer by just buying within BlockFi. Big mistake.
I’ve been DCA $20/day within BlockFi for BTC From GUSD, will continue to do that and start buying dips on an exchange like you recommendBlockfi is good for just dollar cost averaging small amounts in a recurring purchase, while your USD makes 8.6% interest. If you want to make a big purchase on a dip, you need to do it on a spot exchange. Its also always a good idea to have some cash on an exchange to be ready for a massive dip, because ACH transfers stop working when there is a massive crash.
Do yourself a favor and use binance.us for buying, then transfer to blockfi if you want to earn interest.
Binance.us has been a champ for me. All my limit buys executed including a buy for ADA at $1 immediately before it shot up to $1.8. Basically thats like buying bitcoin at 30k today.
Fees on binance.us are also negligible (0.1%, or 0.075% if you pay with bnb).
I agree with the advice on Binance.us. I’ve been happy with ease of use and lack of hiccups in making deposits and purchases there.
Now I’m trying to figure out what cold wallet to get (Nano X?), what to move to the walker, and what to transfer elsewhere for savings/staking. Have any good resources that might help point me in the right direction?
I have a Ledger Nano X. Great device. It supports a ton of cryptos. When dealing with cold wallets you need to really know what you are doing, and verify your addresses. If your keys are lost and the ledger is wiped, there is not coming back. You are your own bank, and no one to call if things get lost. I would always recommend doing a small test transfer to make sure you get the hang of things before transferring the bulk of your crypto.
As far as staking, the only thing I have staked is Cardano ADA. I can do it straight from my ledger and it earns about 5.5%APY of ADA. The best part about that is it never leaves my hardware wallet. That is basically like stuffing your mattress with cash, and it still earns interest.
Cardano Staking – DAN Teaches Crypto
Yes and not very.Are you aware 1) how difficult it is to find a wallet and 2) open it up?
I think they did it in 2017 also.All crypto is tanking - saw an article saying China was going to "crack down" on BTC.
Every legitmate money service business must, including atms.
But if you are getting Bitcoin for heroin or fentanyl, maybe you are ok. Except that all bitcoin transactions are public. So, if they find your wallet, every transaction forever is visible.
Maybe.They’re going to find my cold storage wallet?
DarkSide, the hacking collective behind the Colonial Pipeline hack, has reportedly lost access to their own systems and lost nine months' worth of ransom payments totaling 90 million dollars
They’re going to find my cold storage wallet?
Cold storage wallet does not make it anonymous. Everything is on the blockchain available for the public. Most exchanges KYC. And when you withdraw your crypto, they know to which wallet they sent it to. If the Exchange knows your wallet, then so does the government.
Really its harder to use BTC for illegal activity than it is to use plain old cash.
I’m not interested in illegal activity, just in making sure no one steals from me. It sounds like the only thief I need to worry about is Uncle Sam.